Largo (NYSE:LGO) Price Target Cut to $4.20 by Analysts at HC Wainwright

Largo (NYSE:LGO) had its target price cut by HC Wainwright from $4.40 to $4.20 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Largo’s FY2025 earnings at $0.11 EPS.

Largo Price Performance

Largo stock opened at $1.95 on Thursday. The business has a 50-day simple moving average of $2.01 and a two-hundred day simple moving average of $1.93. Largo has a 52-week low of $1.38 and a 52-week high of $2.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.67.

Largo (NYSE:LGO) last announced its earnings results on Tuesday, November 12th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). The business had revenue of $29.91 million for the quarter. Largo had a negative net margin of 35.10% and a negative return on equity of 22.61%. During the same period in the prior year, the company posted ($0.19) earnings per share. On average, sell-side analysts predict that Largo will post -0.57 earnings per share for the current year.

Institutional Trading of Largo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Herr Investment Group LLC purchased a new position in Largo during the second quarter valued at approximately $370,000. XTX Topco Ltd purchased a new position in shares of Largo during the 3rd quarter valued at $32,000. Finally, Renaissance Technologies LLC boosted its holdings in Largo by 19.9% in the 2nd quarter. Renaissance Technologies LLC now owns 43,900 shares of the company’s stock worth $81,000 after buying an additional 7,300 shares during the period. Hedge funds and other institutional investors own 64.08% of the company’s stock.

Largo Company Profile

Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.